NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 7. INVESTMENT IN SUBSIDIARIES Company 2023 2022 RM’000 RM’000 In Malaysia Unquoted shares, at cost At 1 January 20,395 20,395 Additions 60,750 - At 31 December 81,145 20,395 The details of the subsidiaries are as follows: Name of Company Place of business /Country of incorporation Effective interest (%) Principal activities 2023 2022 Subsidiaries of the Company Gale Vector Sdn. Bhd. (“GVSB”) Malaysia 100 100 Provision of software solutions and maintenance services. MY EG Sdn. Bhd. (“EGSB”) Malaysia 100 100 Principally engaged in the business of development and implementation of the Electronic Government services project and the provision of other related services. MY E.G. Commerce Sdn. Bhd. (“MECSB”) Malaysia 100 100 Principally engaged in the business of providing of auto insurance intermediary services and other related ancillary services. MYEG Malaysia 100 100 Principally engaged in the business of investment holding. MY EG Management Services Sdn. Bhd. (“MYEGMS”) Malaysia 100 100 Provide management and consultancy services. MY EG International Sdn. Bhd. (“MYEGI”) Malaysia 100 100 To undertake investments and joint ventures in foreign countries. MY E.G. Digital ID Sdn. Bhd. (“MYEGDI”) Malaysia 100 100 Development and implementation of distributed ledger technology and solutions for digital identification services. Subsidiaries of MYEGC MY EG Ad Networks Sdn. Bhd. (“MYEGAD”) Malaysia 100 100 Providing advertising and marketing services. 202 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) S T S S S
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